Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.017%

Price spread now: Phemex against QFEX+0.024%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$920.919% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.024%, 7d avg +0.027%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	123.57	0.0055	pay 0.0007% / 1h	14m 15s	$1.9M	$15.3M	10x
Short	Phemex INTCUSDT	123.60	0	get 0.0000% / 8h	14m 15s	$1.7M	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee PhemexbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$11.49
Price spread: +0.024% → +0.027%: −$0.25
Slippage, 4 orders: −$69.93
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$103.67
Costs to cover: 0.919%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Phemex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 5 min ago	0.40 bp	6.2 bp −$6	7.9 bp −$79	12.0 bp −$1,205	doesn't fit
Sell Phemex live order book, 4 min ago	2.02 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit

INTC on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INTCUSDT	0.0000%	8h	123.70	+0.105%	$309K	$508K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.58	+0.008%	$18.6M	$69.5M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.58	+0.008%	$9.1M	$32.4M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.57	0.000%	$21K	$178K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.60	+0.024%	$1.7M	$51K	10x
Bybit INTCUSDT	+0.0010%	8h	123.61	+0.032%	$13.4M	$29.0M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0014%	8h	123.75	+0.146%	$927K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.62	+0.040%	$618K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.51	−0.049%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.805%	$213	$23K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0039%	1h	123.59	+0.014%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.70	+0.105%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.58	+0.012%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.56	−0.008%	$1.3M	$2.3M	10x	as long as short
Nado INTC-PERP	+0.0051%	1h	123.55	−0.013%	$170K	$239K	10x	as long as short
QFEX INTC-USDlong	+0.0055%	1h	123.57	long leg	$1.9M	$15.3M	10x
Variational Omni INTC	+0.0068%	8h	123.78	+0.168%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0089%	1h	123.58	+0.008%	$213K	$458K	10x	as long as short
Paradex INTC-USD-PERP	+0.0094%	8h	123.61	+0.036%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.73	+0.129%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.57	0.000%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.58	+0.007%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0119%	8h	123.61	+0.032%	$72.0M	$410.4M	25x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	123.55	−0.018%	$352K	$1.1M	10x	as long as short
KuCoin INTCUSDTM	+0.0228%	8h	123.54	−0.024%	$1.2M	$58K	20x	as long as short
tradeXYZ xyz:INTC	+0.0235%	1h	123.59	+0.016%	$146.9M	$79.4M	10x	as long as short
BloFin INTC-USDT	+0.0239%	8h	123.68	+0.089%	$916K	$311K	25x	as long as short
Bitget INTCUSDT	+0.0241%	8h	123.62	+0.040%	$25.4M	$34.2M	50x	as long as short
Lighter INTC	+0.0304%	1h	123.65	+0.063%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.73	+0.129%	$47K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.60	+0.022%	$342K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.53	−0.032%	$95K	$311K	10x	as long as short
edgeX INTCUSDC	+0.0598%	4h	123.73	+0.131%	$88K	$290K	10x	as long as short